Indian Economy | DD News

August 28, 2025 11:16 AM

Trump tariffs ‘small slice’ of Indian economy, opportunity to broaden markets: expert

Richard Rossow, a leading expert on India-US economic ties and the Chair of India and Emerging Asia Economics at the Centre for Strategic and International Studies (CSIS), has said that Washington's punitive measures would not have a considerable impact on India's growth but still present the country with a "unique opportunity" to diversify its markets and usher in major domestic reforms. "We're talking about a relatively small slice of the Indian economy. Manufacturing is only about 14 per cen...

August 25, 2025 10:35 PM

Self-reliance key to India’s progress, says PM Modi in Ahmedabad

Prime Minister Narendra Modi today reaffirmed that self-reliance and Swadeshi are the foundation of building a developed India. Speaking in Ahmedabad, the Prime Minister invoked the ideals of Mahatma Gandhi, whom he described as the “Charkhadhari Mohan” of Sabarmati. “India has made self-reliance the foundation of building a developed nation. This is possible only through the strength of our farmers, fishermen, livestock rearers and entrepreneurs,” PM Modi said. He criticised those who...

August 25, 2025 12:11 PM

50% US tariffs unlikely to significantly impact India’s growth: Analysts

As the August 27 deadline for the imposition of 25 per cent US secondary tariffs on Russian oil purchases approaches, analysts and global reports suggest that a cumulative 50 per cent tariff is unlikely to significantly derail India’s growth, thanks to robust domestic demand. Sectors such as textiles and gems and jewellery - both labour-intensive industries - are expected to face moderate pressure. However, pharmaceuticals, smartphones, and steel are relatively insulated due to exemptions, ex...

August 14, 2025 4:38 PM

S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

Credit rating agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", citing economic resilience and sustained fiscal consolidation. BBB and BBB- are credit ratings given by agencies like S&P and Fitch to show how safe or risky a borrower (like a company or government) is for investors. In a note, S&P Global stated that the stable outlook reflects continued policy stability and high infrastructure investment...

August 13, 2025 5:42 PM

India’s economy continues on fast-growth track: CEA Nageswaran

The government’s Chief Economic Advisor (CEA) V Anantha Nageswaran on Wednesday said the high-frequency indicators (HFIs) show that the overall momentum of the Indian economy remains robust and continues on a fast-growth track. HFIs are economic data points released frequently that offer timely insights into the current state of the economy. He emphasised that while trade-related issues are crucial, they should not overshadow other critical challenges. While addressing an event in Delhi, N...

July 28, 2025 5:11 PM

With resilient Q1 growth, Indian economy ‘steady as she goes’ in FY26: Centre

The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals. With inflation remaining within the target range and the monsoon progressing on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing, according to the Finance Ministry’s Monthly Economic Review for June 2025, released on Monday. The report adds that the economy gives the impression of being "steady as she goes" for the current fiscal year (FY26). India’s m...

July 23, 2025 3:08 PM

India to be third-largest economy by 2028: Morgan Stanley

India is expected to become the world’s third-largest economy by 2028 and more than double its GDP to $10.6 trillion by 2035, according to a Morgan Stanley report released on Wednesday. The report estimates that three to five Indian states — including Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, and Karnataka — could each approach the $1 trillion mark, placing them among the top 20 global economies by 2035. “Based on the latest data, the top three states are Maharashtra, Gujarat, a...

July 17, 2025 4:06 PM

Future in motion: India’s new dawn, powered by a new generation

India’s growth story is a story of youthful ascent. The country’s demographic dividend is at the core of the fastest-growing major economy in the world. It is expected to play a significant role in India’s promising economic future, when the global economy is projected to slow down. The world’s most populous nation, India is also the youngest among the major economies, with a median age of around 28 years. A McKinsey assessment, published in July 2024, puts the median age of the populat...

July 4, 2025 10:23 AM

PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries. In a significant gesture, Prime Minister Persad-Bissessar announced ...

June 30, 2025 6:51 PM

Indian economy remains a key driver of global growth: RBI

Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, the Reserve Bank of India (RBI) said on Monday. The Reserve Bank, in the June 2025 issue of its 'Financial Stability Report (FSR)', said that elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. “Financial markets remain...